Ameriprise Financial Inc. Has $29.06 Million Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Ameriprise Financial Inc. grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 751,640 shares of the real estate investment trust's stock after acquiring an additional 65,966 shares during the quarter. Ameriprise Financial Inc. owned 0.34% of Rexford Industrial Realty worth $29,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Rexford Industrial Realty in the fourth quarter worth $33,000. UMB Bank n.a. lifted its position in Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Rexford Industrial Realty in the fourth quarter worth $65,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after acquiring an additional 2,709 shares during the period. 99.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a report on Tuesday, May 6th. Wells Fargo & Company reduced their target price on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a report on Tuesday, March 25th. Finally, Evercore ISI reduced their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $40.00.

Rexford Industrial Realty Stock Down 0.4%

NYSE REXR traded down $0.13 during trading on Monday, hitting $35.59. The stock had a trading volume of 1,609,495 shares, compared to its average volume of 1,945,336. The company has a market capitalization of $8.42 billion, a PE ratio of 29.41, a P/E/G ratio of 2.62 and a beta of 1.12. The company's 50-day moving average price is $35.47 and its two-hundred day moving average price is $38.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million for the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.